12,13,14,15

Use the following information in answering the next four questions: Assume you have an opportunity to purchase a 15 -year bold that pays a 6% coupon. Assume comparable debt instruments are yielding 8%. 12. Is this bond selling for a premium or at a discount? Please explain. 13. What is the price of this bond? 14. Assume you have owned this bond for 4 years, what is the current price of the bond? 15. What is the current yield on this bond after 8 years